trending Market Intelligence /marketintelligence/en/news-insights/trending/CXOsj-BplJu-VvboWIPmbQ2 content esgSubNav
In This List

VEREIT unit launches $500M senior notes offering

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


VEREIT unit launches $500M senior notes offering

VEREIT Inc.'s operating partnership launched an offering of $500.0 million worth of senior notes due 2027.

The company expects to generate roughly $494.3 million in net proceeds from the offering and will use the proceeds, along with $10.3 million of cash on hand or available borrowings under its revolving credit facility, to repay debt, including swap termination costs and applicable interest, under its $500 million term loan facility.

J.P. Morgan, BofA Merrill Lynch and Wells Fargo Securities are acting as joint book-running managers for the offering.